Capital Gains Tax Rates by State

Information updated July 27, 2024

The below table shows the effective top marginal rate on long-term capital gains income for each state as well as the federal capital gains tax rate.

While the federal long-term capital gains tax applies to all states, there are eight states that do not assess a long-term capital gains tax. They are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming.

Note: The states of Arizona, Arkansas, Hawaii, Montana, New Mexico, North Dakota, South Carolina, and Wisconsin taxes capital gains at lower rates than ordinary income. Minnesota and Washington taxes capital gains at higher rates than ordinary income.  Consult your tax professional for detailed information about your state.
The information provided here is for your general informational purposes only. These are only estimates and should not be taken as fact or considered a recommendation or personalized advisory advice. NAS Investment Solutions, LLC has made this third-party information available from sources it believes are knowledgeable and dependable. However, its accuracy or completeness cannot be guaranteed, and actual rates may change due to legal or economic conditions.
Click on each header to sort columns
State State % State & Federal %
Alabama 5.00 25.00
Alaska 0.00 20.00
Arizona 1.875 21.875
Arkansas 2.20 22.20
California 13.30 33.30
Colorado 4.40 24.40
Connecticut 4.75 24.75
Delaware 6.60 26.60
District of Columbia 10.75 30.75
Florida 0.00 20.00
Georgia 5.490 25.49
Hawaii 7.25 27.25
Idaho 5.80 25.80
Illinois 4.95 24.95
Indiana 3.05 23.05
Iowa 6.0 26.00
Kansas 5.70 25.70
Kentucky 4.00 24.00
Louisiana 4.25 24.25
Maine 7.15 27.15
Maryland 5.75 25.75
Massachusetts 9.00 29.00
Michigan 4.25 24.25
Minnesota 10.85 30.85
Mississippi 4.70 24.70
Missouri 4.80 24.80
Montana 4.10 24.10
Nebraska 5.84 25.84
Nevada 0.00 20.00
New Hampshire 0.00 20.00
New Jersey 10.75 30.75
New Mexico 3.54 23.54
New York 10.90 30.90
North Carolina 4.50 24.50
North Dakota 1.50 21.50
Ohio 3.50 23.50
Oklahoma 4.75 24.75
Oregon 9.90 29.90
Pennsylvania 3.07 23.07
Rhode Island 5.99 25.99
South Carolina 3.92 23.92
South Dakota 0.00 20.00
Tennessee 0.00 20.00
Texas 0.00 20.00
Utah 4.55 24.55
Vermont 8.75 28.75
Virginia 5.75 25.75
Washington 7.00 27.00
West Virginia 5.120 25.12
Wisconsin 5.355 25.355
Wyoming 0.00 20.00

Disclaimer

The information provided here is for your general informational purposes only. These are only estimates and should not be taken as fact or considered a recommendation or personalized advisory advice. NAS Investment Solutions, LLC has made this third-party information available from sources it believes are knowledgeable and reliable. However, its accuracy or completeness cannot be guaranteed and actual rates may change due to legal or economic conditions.

All investments involve risk including the possible loss of principal. You should familiarize yourself with all risks associated with any investment product before investing.

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